Shares of Activision Blizzard, Inc (NASDAQ:ATVI) traded down 0.02% during midday trading on Friday, hitting $57.57.
06/07/2017 - Activision Blizzard, Inc had its "overweight" rating reiterated by analysts at Morgan Stanley. During the same period past year, the business posted $0.23 earnings per share. Analysts expect that Activision Blizzard, Inc will post $2.00 EPS for the current year. The fund owned 13,094 shares of the company's stock after selling 7,305 shares during the period. Zacks Investment Research's earnings per share averages are an average based on a survey of research analysts that that provide coverage for Activision Blizzard.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.11. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.09 billion. Activision Blizzard had a net margin of 14.63% and a return on equity of 16.90%. The business's revenue for the quarter was up 31.7% compared to the same quarter a year ago.
Several analysts have recently commented on ATVI shares. Benchmark Co. reissued a "buy" rating and set a $57.88 target price (up from $53.96) on shares of Activision Blizzard in a report on Monday, May 1st. Stifel Nicolaus restated a "buy" rating and issued a $59.00 price objective (up previously from $53.00) on shares of Activision Blizzard in a report on Tuesday, May 2nd. Finally, Wedbush set a $63.00 target price on shares of Activision Blizzard and gave the company a "buy" rating in a research report on Saturday, May 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of "Buy" and a consensus target price of $57.99. 186,261 shares of the company's stock were exchanged. The company's 50-day moving average price is $58.42 and its 200-day moving average price is $48.26. Activision Blizzard has a one year low of $35.12 and a one year high of $61.58. The firm has a market capitalization of $43.39 billion, a P/E ratio of 42.24 and a beta of 1.03.
FMCG stocks surge to record high, ITC top gainer
Market breadth was in the favour of gainers, with about 3 stocks advancing to every 1 stock that declined. It was followed by M&M 1.60 per cent, Maruti 1.50 per cent and Tata Steel 1.04 per cent.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm's stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the completion of the sale, the chief executive officer now owns 55,509 shares in the company, valued at $3,077,974.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Franklin Resources Inc. now owns 109,439 shares of the company's stock valued at $3,951,000 after buying an additional 6,216 shares in the last quarter. Sei Investments Co. increased its stake in Changyou.com Limited by 1.2% in the first quarter. Dimensional Fund Advisors LP raised its position in Activision Blizzard by 0.9% in the fourth quarter. Stratos Wealth Partners LTD. bought a new position in Activision Blizzard during the first quarter worth $202,000. Edwards & Company Inc. raised its stake in shares of Activision Blizzard by 504.6% in the first quarter. Finally, Fiera Capital Corp increased its position in shares of Activision Blizzard by 34.3% in the fourth quarter. Fiera Capital Corp now owns 8,698 shares of the company's stock worth $314,000 after buying an additional 2,223 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Activision Blizzard were worth $653,000 at the end of the most recent reporting period. If you are accessing this piece on another website, it was illegally stolen and republished in violation of USA and global trademark and copyright law. The legal version of this news story can be read at https://baseballnewssource.com/markets/activision-blizzard-atvi-earns-coverage-optimism-score-of-0-20-updated-updated/911684.html.
Activision Blizzard, Inc had its "outperform" rating reiterated by analysts at Robert W. Baird. The Company is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices.
06/22/2017 - Activision Blizzard, Inc had its "outperform" rating reiterated by analysts at Oppenheimer.
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